Supplemental Condensed Consolidating Financial Information

9 Months Ended

Sep. 30, 2012

Supplemental Condensed Consolidating Financial Information [Abstract]

Supplemental Condensed Consolidating Financial Information

15. Supplemental Condensed Consolidating Financial Information

At September 30, 2012, Cumulus and certain of its wholly owned subsidiaries (such subsidiaries, the “Subsidiary Guarantors”) provided guarantees of the obligations of Cumulus Holdings under the 7.75% Senior Notes. These guarantees are full and unconditional (subject to customary release provisions) as well as joint and several. Certain of the Subsidiary Guarantors may be subject to restrictions on their respective ability to distribute earnings to Cumulus Holdings or Cumulus Media Inc. (the “Parent Guarantor”). Not all of the subsidiaries of Cumulus and Cumulus Holdings guarantee the 7.75% Senior Notes (such non-guaranteeing subsidiaries, collectively, the “Subsidiary Non-guarantors”).

The following tables present (i) unaudited condensed consolidating statements of operations for the three and nine months ended September 30, 2012 and 2011, (ii) unaudited condensed consolidating balance sheets as of September 30, 2012 and December 31, 2011, and (iii) unaudited condensed consolidating statements of cash flows for the nine months ended September 30, 2012 and 2011, of each of the Parent Guarantor, Cumulus Holdings, the Subsidiary Guarantors, and the Subsidiary Non-guarantors.

Investments in consolidated subsidiaries are held primarily by the Parent Guarantor in the net assets of its subsidiaries and have been presented using the equity method of accounting. The “Eliminations” entries in the following tables primarily eliminate investments in subsidiaries and intercompany balances and transactions. The columnar presentations in the following tables are not consistent with the Company’s business groups; accordingly, this basis of presentation is not intended to present the Company’s financial condition, results of operations or cash flows on a consolidated basis.

Revision to Prior Period Financial Statements

During the third quarter of 2012, Cumulus Media Inc. determined that it did not properly classify its preferred stock in its supplemental condensed consolidating financial information footnote in previous 2012 interim periods or at December 31, 2011. The Company should have presented the preferred stock balance and related accrued dividends in the Cumulus Media Inc (Parent Guarantor) column and was inappropriately classified in the Cumulus Media Holdings Inc. (Subsidiary Issuer) column. There was no impact on the consolidated balance sheet, statement of income or statement of cash flows.

In accordance with accounting guidance found in ASC 250-10 (SEC Staff Accounting Bulletin No. 99, Materiality), the Company assessed the materiality of the error and concluded that the error was not material to any of the Company’s previously issued financial statements. As permitted by the accounting guidance found in ASC 250-10 (SEC Staff Accounting Bulletin No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements), the Company has presented revised financial information for the year ended December 31, 2011.

CUMULUS MEDIA INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Three Months Ended September 30, 2012

(Dollars in thousands)

(Unaudited)

				Cumulus
	Cumulus			Media
	Media Inc.			Holdings Inc.			Subsidiary			Subsidiary						Total
	(Parent Guarantor)			(Subsidiary Issuer)			Guarantors			Non-guarantors			Eliminations			Consolidated
Broadcast revenues	$	—		$	—		$	274,160		$	—		$	—		$	274,160
Management fees		1,190			—			—			—			—			1,190
Net revenues		1,190			—			274,160			—			—			275,350
Operating expenses:
Direct operating expenses (excluding depreciation, amortization and LMA fees)		—			—			160,282			1,458			—			161,740
Depreciation and amortization		543			—			34,696			—			—			35,239
LMA fees		—			—			928			—			—			928
Corporate general and administrative expenses (including stock-based compensation expense of $2,764)		12,979			—			—			—			—			12,979
Gain on exchange of assets or stations								—									—
Realized gain on derivative instrument		—			—			(129	)		—			—			(129	)
Total operating expenses		13,522			—			195,777			1,458			—			210,757
Non-operating (expense) income:
Operating (loss) income		(12,332	)		—			78,383			(1,458	)		—			64,593
Interest expense, net		(1,361	)		(48,651	)		255			—			—			(49,757	)
Other expense, net		(1,361	)		—			(224	)		—			—			(224	)
Total non-operating expense, net		—			(48,651	)		31			—			—			(49,981	)
(Loss) income from continuing operations before income taxes		(13,693	)		(48,651	)		78,414			(1,458	)		—			14,612
Income tax benefit		—			—			10,010			2,165			—			12,175
(Loss) income from continuing operations		(13,693	)		(48,651	)		88,424			707			—			26,787
Income from discontinued operations, net of taxes		—			—			35,275			(6,017	)		—			29,258
Earnings (loss) from consolidated subsidiaries		69,738			118,389			(5,310	)		—			(182,817	)		—
Net income (loss)	$	56,045		$	69,738		$	118,389		$	(5,310	)	$	(182,817	)	$	56,045

CUMULUS MEDIA INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Three Months Ended September 30, 2011

(Dollars in thousands)

(Unaudited)

				Cumulus
	Cumulus			Media
	Media Inc.			Holdings Inc.			Subsidiary			Subsidiary						Total
	(Parent Guarantor)			(Subsidiary Issuer)			Guarantors			Non-guarantors			Eliminations			Consolidated
Broadcast revenues	$	—		$	—		$	124,332		$	—		$	—		$	124,332
Management fees		458			—			—			—			—			458
Net revenues		458			—			124,332			—			—			124,790
Operating expenses:
Direct operating expenses (excluding depreciation, amortization and LMA fees)		—			—			73,404			306			—			73,710
Depreciation and amortization		360			—			10,665			—			—			11,025
LMA fees		—			—			530			—			—			530
Corporate general and administrative expenses (including stock-based compensation expense of $1,601)		44,024			—			630			—			—			44,654
Realized loss on derivative instrument		—			—			1,436			—			—			1,436
Total operating expenses		44,384			—			86,665			306			—			131,355
Operating (loss) income		(43,926	)		—			37,667			(306	)		—			(6,565	)
Non-operating (expense) income:
Interest expense, net		(555	)		(19,045	)		97			—			—			(19,503	)
Other expense, net		—			—			182			—			—			182
Gain on equity investment in Cumulus Media Partners, LLC		11,636			—			—			—			—			11,636
Total non-operating expense, net		11,081			(19,045	)		279			—			—			(7,685	)
(Loss) income from continuing operations before income taxes		(32,845	)		(19,045	)		37,946			(306	)		—			(14,250	)
Income tax expense		—			—			67,199			2,007			—			69,206
(Loss) income from continuing operations		(32,845	)		(19,045	)		105,145			1,701			—			54,956
Income from discontinued operations, net of taxes		—			—			8,452			(3,870	)		—			4,582
Earnings (loss) from consolidated subsidiaries		92,383			111,428			(2,169	)		—			(201,642	)		—
Net income (loss)	$	59,538		$	92,383		$	111,428		$	(2,169	)	$	(201,642	)	$	59,538

CUMULUS MEDIA INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Nine Months Ended September 30, 2012

(Dollars in thousands)

(Unaudited)

	Cumulus			Cumulus Media
	Media Inc.			Holdings Inc.			Subsidiary			Subsidiary						Total
	(Parent Guarantor)			(Subsidiary Issuer)			Guarantors			Non-guarantors			Eliminations			Consolidated
Broadcast revenues	$	—		$	—		$	790,870		$	—		$	—		$	790,870
Management fees		1,516			—			—			—			—			1,516
Net revenues		1,516			—			790,870			—			—			792,386
Operating expenses:
Direct operating expenses (excluding depreciation, amortization and LMA fees)		—			—			481,601			2,505			—			484,106
Depreciation and amortization		1,109			—			105,212			—			—			106,321
LMA fees		—			—			2,652			—			—			2,652
Corporate general and administrative expenses (including stock-based compensation expense of $15,671)		46,473			—			—			—			—			46,473
Gain on exchange of assets or stations		—			—			—			—			—			—
Realized loss on derivative instrument		—			—			624			—			—			624
Impairment of intangible assets		—			—			12,435			—			—			12,435
Total operating expenses		47,582			—			602,524			2,505			—			652,611
Operating (loss) income		(46,066	)		—			188,346			(2,505	)		—			139,775
Non-operating (expense) income:
Interest (expense) income, net		(1,696	)		(149,336	)		853			—			—			(150,179	)
Other expense, net		—			—			(34	)		—			—			(34	)
Total non-operating (expense) income, net		(1,696	)		(149,336	)		819			—			—			(150,213	)
(Loss) income from continuing operations before income taxes		(47,762	)		(149,336	)		189,165			(2,505	)		—			(10,438	)
Income tax benefit		—			—			11,272			11,590			—			22,862
(Loss) income from continuing operations		(47,762	)		(149,336	)		200,437			9,085			—			12,424
Income from discontinued operations, net of taxes		—			—			48,766			(9,131	)		—			39,635
Earnings (loss) from consolidated subsidiaries		99,821			249,157			(46	)		—			(348,932	)		—
Net income (loss)	$	52,059		$	99,821		$	249,157		$	(46	)	$	(348,932	)	$	52,059

CUMULUS MEDIA INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Nine Months Ended September 30, 2011

(Dollars in thousands)

(Unaudited)

	Cumulus			Cumulus Media
	Media Inc.			Holdings Inc.			Subsidiary			Subsidiary						Total
	(Parent Guarantor)			(Subsidiary Issuer)			Guarantors			Non-guarantors			Eliminations			Consolidated
Broadcast revenues	$	—		$	—		$	235,989		$	—		$	—		$	235,989
Management fees		2,708			—			—			—			—			2,708
Net revenues		2,708			—			235,989			—			—			238,697
Operating expenses:
Direct operating expenses (excluding depreciation, amortization and LMA fees)		—			—			141,859			831			—			142,690
Depreciation and amortization		1,079			—			13,623			—			—			14,702
LMA fees		—			—			1,670			—			—			1,670
Corporate general and administrative expenses (including stock-based compensation expense of $2,788)		61,294			—			630			—			—			61,924
Gain on exchange of assets or stations		—			—			(15,278	)		—			—			(15,278	)
Realized loss on derivative instrument		—			—			2,681			—			—			2,681
Total operating expenses		62,373			—			145,185			831			—			208,389
Operating (loss) income		(59,665	)		—			90,804			(831	)		—			30,308
Non-operating (expense) income:
Interest (expense) income, net		(9,276	)		(25,826	)		103			—			—			(34,999	)
Loss on early extinguishment of debt		(4,366	)		—			—			—			—			(4,366	)
Other expense, net		—			—			88			—			—			88
Gain on equity investment in Cumulus Media Partners, LLC		11,636															11,636
Total non-operating expense, net		(2,006	)		(25,826	)		191			—			—			(27,641	)
(Loss) income from continuing operations before income taxes		(61,671	)		(25,826	)		90,995			(831	)		—			2,667
Income tax expense		—			—			66,779			(1,256	)		—			65,723
(Loss) income from continuing operations		(61,671	)		(25,826	)		157,974			(2,087	)		—			68,390
Income from discontinued operations, net of taxes		—			—			12,478			(3,870	)		—			8,608
Earnings (loss) from consolidated subsidiaries		138,669			164,495			(5,957	)		—			(297,207	)		—
Net income (loss)	$	76,998		$	138,669		$	164,495		$	(5,957	)	$	(297,207	)	$	76,998

CUMULUS MEDIA INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

September 30, 2012

(Dollars in thousands, except for share and per share data)

(Unaudited)

	Cumulus			Cumulus
	Media Inc.			Media
	(Parent			Holdings Inc.		Subsidiary			Subsidiary						Total
	Guarantor)			(Subsidiary Issuer)		Guarantors			Non-guarantors			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	38,847		$	—	$	8,129		$	—		$	—		$	46,976
Restricted cash		3,254			—		—			—			—			3,254
Accounts receivable, less allowance for doubtful accounts of $4,504		—			—		222,096			—			—			222,096
Trade receivable		—			—		7,073			—			—			7,073
Prepaid expenses and other current assets		8,560			—		24,595			—			—			33,155
Total current assets		50,661			—		261,893			—			—			312,554
Property and equipment, net		4,217			—		257,750			—			—			261,967
Broadcast licenses		—			—		—			1,610,128			—			1,610,128
Other intangible assets, net		—			—		287,667			—			—			287,667
Goodwill		—			—		1,296,348			—			—			1,296,348
Investment in consolidated subsidiaries		426,220			3,025,733		1,125,498			—			(4,577,451	)		—
Other assets		11,349			113,276		(45,071	)		—			—			79,554
Total assets	$	492,447		$	3,139,009	$	3,184,085		$	1,610,128		$	(4,577,451	)	$	3,848,218
Liabilities, Redeemable Preferred Stock and Stockholders’ Equity (Deficit)
Current liabilities:
Accounts payable and accrued expenses	$	13,608		$	20,834	$	90,363		$	—		$	—		$	124,805
Trade payable		—			—		5,623			—			—			5,623
Current portion of long-term debt		—			13,250		—			—			—			13,250
Other current liabilities		—			—		12,022			—			—			12,022
Total current liabilities		13,608			34,084		108,008			—			—			155,700
Long-term debt, excluding 7.75% senior notes		—			2,068,705		—			—			—			2,068,705
7.75% senior notes		—			610,000		—			—			—			610,000
Other liabilities		75,966			—		(27,837	)		—			—			48,129
Deferred income taxes		—			—		78,181			484,630			—			562,811
Total liabilities		89,574			2,712,789		158,352			484,630			—			3,445,345
Redeemable preferred stock:
Series A cumulative redeemable preferred stock, par value $0.01 per share; stated value of $1,000 per share; 100,000,000 shares authorized; 75,767 shares issued and outstanding		70,854			—		—			—			—			70,854
Total redeemable preferred stock		70,854			—		—			—			—			70,854
Stockholders’ equity (deficit):
Class A common stock, par value $0.01 per share; 750,000,000 shares authorized; 182,053,736 shares issued and 157,908,633 outstanding		1,821			—		—			—			—			1,821
Class B common stock, par value $0.01 per share; 600,000,000 shares authorized; 15,424,944 shares issued and outstanding		154			—		—			—			—			154
Class C common stock, par value $0.01 per share; 644,871 shares authorized, issued and outstanding		6			—		—			—			—			6
Treasury stock, at cost, 24,145,103 shares		(251,957	)		—		—			—			—			(251,957	)
Additional paid-in-capital		1,515,407			173,618		3,502,648			2,099,486			(5,775,752	)		1,515,407
Accumulated (deficit) equity		(933,412	)		252,602		(476,915	)		(973,988	)		1,198,301			(933,412	)
Total stockholders’ equity (deficit)		332,019			426,220		3,025,733			1,125,498			(4,577,451	)		332,019
Total liabilities, redeemable preferred stock and stockholders’ equity (deficit)	$	492,447		$	3,139,009	$	3,184,085		$	1,610,128		$	(4,577,451	)	$	3,848,218

CUMULUS MEDIA INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

December 31, 2011

(Dollars in thousands, except for share and per share data)

(Unaudited)

	Cumulus Media Inc. (Parent Guarantor)			Cumulus Media Holdings Inc. (Subsidiary Issuer)		Subsidiary Guarantors			Subsidiary Non- guarantors			Eliminations			Total Consolidated
Assets
Current assets:
Cash and cash equivalents	$	11,714		$	—	$	18,878		$	—		$	—		$	30,592
Restricted cash		3,854			—		—			—			—			3,854
Accounts receivable, less allowance for doubtful accounts of $2,765		—			—		236,804			—			—			236,804
Trade receivable		—			—		5,967			—			—			5,967
Compensation held in trust		24,807														24,807
Prepaid expenses and other current assets		6,542			—		14,762			1,011			—			22,315
Total current assets		46,917			—		276,411			1,011			—			324,339
Property and equipment, net		6,555			—		271,515			—			—			278,070
Broadcast licenses		—			—		—			1,625,415			—			1,625,415
Other intangible assets, net		—			—		390,509			—			—			390,509
Goodwill		—			—		1,334,512			—			—			1,334,512
Investment in consolidated subsidiaries		440,008			3,247,865		1,157,317			—			(4,845,190	)		—
Other assets		13,577			55,176		18,993			—			—			87,746
Total assets	$	507,057		$	3,303,041	$	3,449,257		$	1,626,426		$	(4,845,190	)	$	4,040,591
Liabilities, Redeemable Preferred Stockand Stockholders’ Equity (Deficit)
Current liabilities:
Accounts payable and accrued expenses	$	60,345		$	12,496	$	87,070		$	275		$	—		$	160,186
Trade payable		—			—		4,999			—			—			4,999
Current portion of long-term debt		—			13,250		—			—			—			13,250
Total current liabilities		60,345			25,746		92,069			275			—			178,435
Long-term debt, excluding 7.75% senior notes		—			2,227,287		—			—			—			2,227,287
7.75% senior notes		—			610,000		—			—			—			610,000
Other liabilities		42,552			—		21,386			—			—			63,938
Deferred income taxes		—			—		87,937			468,834			—			556,771
Total liabilities		102,897			2,863,033		201,392			469,109			—			3,636,431
Redeemable preferred stock:
Series A cumulative redeemable preferred stock, par value $0.01 per share; stated value of $1,000 per share; 100,000,000 shares authorized; 125,000 shares issued and outstanding		113,447			—		—			—			—			113,447
Total redeemable preferred stock		113,447			—		—			—			—			113,447
Stockholders’ equity (deficit):
Class A common stock, par value $0.01 per share; 750,000,000 shares authorized; 160,783,484 shares issued and 137,085,813 shares outstanding		1,608			—		—			—			—			1,608
Class B common stock, par value $0.01 per share; 600,000,000 shares authorized; 12,439,667 shares issued and outstanding		124			—		—			—			—			124
Class C common stock, par value $0.01 per share; 644,871 shares authorized; 644,871shares issued and outstanding		6			—		—			—			—			6
Treasury stock, at cost, 23,697,671 shares		(251,666	)		—		—			—			—			(251,666	)
Additional paid-in-capital		1,526,114			285,806		3,972,850			2,131,251			(6,389,907	)		1,526,114
Accumulated (deficit) equity		(985,473	)		154,202		(724,985	)		(973,934	)		1,544,717			(985,473	)
Total stockholders’ equity (deficit)		290,713			440,008		3,247,865			1,157,317			(4,845,190	)		290,713
Total liabilities, redeemable preferred stock and stockholders’ equity (deficit)	$	507,057		$	3,303,041	$	3,449,257		$	1,626,426		$	(4,845,190	)	$	4,040,591

CUMULUS MEDIA INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

Nine Months Ended September 30, 2012

(Dollars in thousands)

(Unaudited)

				Cumulus
	Cumulus			Media
	Media Inc.			Holdings Inc.			Subsidiary			Subsidiary						Total
	(Parent Guarantor)			(Subsidiary Issuer)			Guarantors			Non-guarantors			Eliminations			Consolidated
Cash flows from operating activities:
Net income	$	52,059		$	99,821		$	249,157		$	46		$	(348,932	)	$	52,059
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		1,109			—			106,372			—			—			107,481
Amortization of debt issuance costs/discounts		—			7,581			—			—			—			7,581
Provision for doubtful accounts		—			—			2,892			—			—			2,892
Gain on sale of assets or stations		—			—			(163	)		—			—			(163	)
Gain on exchange of assets or stations		—			—			(38,251	)		(24,977	)		—			(63,228	)
Impairment of intangible assets		—						12,435									12,435
Fair value adjustment of derivative instruments		311			—			624			—			—			935
Deferred income taxes		—			—			(16,475	)		22,518			—			6,043
Stock-based compensation expense		15,671			—			—			—			—			15,671
Earnings from consolidated subsidiaries		(99,821	)		(249,157	)		46			—			348,932			—
Changes in assets and liabilities		120,105			302,755			(438,371	)		2,505			—			(13,006	)
Net cash provided by (used in) operating activities		89,434			161,000			(121,734	)		—			—			128,700
Cash flows from investing activities:
Restricted cash		600			—						—			—			600
Proceeds from sale of assets or stations		426			—			—			—			—			426
Capital expenditures		(722	)		—			(3,933	)		—			—			(4,655	)
Proceeds from exchange of assets or stations		—			—			114,918			—			—			114,918
Net cash (used in) provided by investing activities		304			—			110,985			—			—			111,289
Cash flows from financing activities:
Repayments of borrowings under revolving credit facilities		—			(161,000	)		—			—			—			(161,000	)
Tax withholding payments on behalf of employees		(1,909	)		—			—			—			—			(1,909	)
Preferred stock dividends		(11,599	)		—			—			—			—			(11,599	)
Proceeds from exercise of warrants		136			—			—			—			—			136
Repayment of preferred stock		(49,233	)		—			—			—			—			(49,233	)
Net cash used in financing activities		(62,605	)		(161,000	)		—			—			—			(223,605	)
Increase (decrease) in cash and cash equivalents		27,133			—			(10,749	)		—			—			16,384
Cash and cash equivalents at beginning of period		11,714			—			18,878			—			—			30,592
Cash and cash equivalents at end of period	$	38,847		$	—		$	8,129		$	—		$	—		$	46,976

CUMULUS MEDIA INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

Nine Months Ended September 30, 2011

(Dollars in thousands)

(Unaudited)

				Cumulus
	Cumulus			Media
	Media Inc.			Holdings Inc.			Subsidiary			Subsidiary						Total
	(Parent Guarantor)			(Subsidiary Issuer)			Guarantors			Non-guarantors			Eliminations			Consolidated
Cash flows from operating activities:
Net income (loss)	$	76,998		$	138,669		$	164,495		$	(5,957	)	$	(297,207	)	$	76,998
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		1,079			—			14,152			—			—			15,231
Amortization of debt issuance costs/discounts		435			1,264			—			—			—			1,699
Provision for doubtful accounts		—			—			920			—			—			920
Loss on sale of assets or stations		—			—			33			—			—			33
Gain on exchange of assets or stations		—			—			(15,278	)		—			—			(15,278	)
Fair value adjustment of derivative instruments		(3,683	)		—			2,681			—			—			(1,002	)
Deferred income taxes		—			—			(63,317	)		(5,126	)		—			(68,443	)
Stock-based compensation expense		2,788			—			—			—			—			2,788
Other		(1,318	)														(1,318	)
Loss on early extinguishment of debt		4,366			—			—			—			—			4,366
Gain on equity investment in Cumulus Media Partners, LLC		(11,636	)		—			—			—			—			(11,636	)
Earnings from consolidated subsidiaries		(138,669	)		(164,495	)		5,957			—			297,207			—
Changes in assets and liabilities		2,924,469			(2,816,798	)		(90,761	)		11,083			—			27,993
Net cash provided by (used in) operating activities		2,854,829			(2,841,360	)		18,882			—			—			32,351
Cash flows from investing activities:
Restricted Cash		(17	)		—			—			—			—			(17	)
Acquisitions less cash acquired		(2,024,153	)		—			—			—			—			(2,024,153	)
Capital expenditures		(918	)		—			(1,967	)		—			—			(2,885	)
Net cash used in investing activities		(2,025,088	)		—			(1,967	)		—			—			(2,027,055	)
Cash flows from financing activities:
Repayment of borrowings under term loans and revolving credit facilities		(1,214,676	)														(1,214,676	)
Tax withholding payments on behalf of employees		(666	)														(666	)
Proceeds from issuance of 7.75% senior notes due 2019		—			610,000												610,000
Proceeds from borrowings under term loans and revolving credit facilities,																	—
net of $25.1 million debt discount		—			2,289,900												2,289,900
Proceeds from sale of equity securities		444,513			—			—			—			—			444,513
Redemption of CMP preferred stock		(41,565	)														(41,565	)
Deferred financing costs		—			(58,540	)		—			—			—			(58,540	)
Net cash (used in) provided by financing activities		(812,394	)		2,841,360			—			—			—			2,028,966
Increase in cash and cash equivalents		17,347			—			16,915			—			—			34,262
Cash and cash equivalents at beginning of period		12,638			—			176			—			—			12,814
Cash and cash equivalents at end of period	$	29,985		$	—		$	17,091		$	—		$	—		$	47,076